The PowerShares FTSE RAFI Europe Mid-Small UCITS ETF aims to replicate the FTSE RAFI Developed Europe Mid-Small Index. The Index is designed to track the performance of small capitalization European equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The fundamentally weighted portfolio is rebalanced and reconstituted annually.

With effect from 17 February 2014, the ETF will change the relevant benchmark from a Gross Index to a Net Index (i.e. net of income and withholding tax). The index strategy and constituents of each benchmark index will remain the same

Total Returns are based on the closing market price. Past performance is not an indication of future performance, provides no guarantee for the future and is not constant over time. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. ETF performance is net of TER, while index performance is gross of fees. Investors cannot buy an index directly.

This marketing document is directed at Professional Clients in France only and is not for consumer use.

As this is a small and medium companies fund, investors should be prepared to accept a higher degree of risk than for a fund with a broader investment mandate.

Where Invesco PowerShares has expressed views and opinions, these may change without notice. The price of ETFs and any income will fluctuate, this may partly be the result of exchange rate fluctuations, and investors may not get back the full amount invested. Past performance is not an indication of future performance, provides no guarantee for the future and is not constant over time. Whilst an ETF will seek to track an Index, Invesco PowerShares does not guarantee that this will occur. When making an investment in an ETF you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. It is expected that shares in the ETFs will trade closely to their NAV, and because of the exchange-traded fund structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term. However, supply and demand in the shares on the relevant exchange together with any disruptions to creations and redemptions of units in the underlying fund may result in share prices that differ significantly from the NAVs and there can be no certainty that there will be liquidity in the shares on any exchange. Only Authorised Participants, as defined in the Full Prospectus of the ETF, can request the Manager to create and redeem units in the underlying fund. Any investment in an ETF should be made on the basis of the relevant Full Prospectus, Simplified Prospectus and Supplement, including consideration of the investment objective, risks, charges and expenses. Further information on the ETFs, including the Full Prospectus, Simplified Prospectuses and Supplements is available at www.invescopowershares.net, from your adviser or broker. This document is intended for information purposes in regard to the existence and potential benefits of investing in ETFs. However, it is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations about the suitability of the ETF for the circumstances of any particular investor. You should take appropriate advice as to any securities, taxation or other legislation affecting you prior to investment.

The ETFs are not issued, sold or promoted by the index providers. The index providers make no warranties and bear no liability with respect to the ETFs. For more information about the index providers, please see the information available on the website www.invescopowershares.net on the Prospectus Page.

The price of ETFs and any income will fluctuate, this may partly be result of exchange rate fluctuations, and investors may not get back the full amount invested. Whilst an ETF will seek to track an Index, Invesco PowerShares does not guarantee that this will occur. Where Invesco PowerShares has expressed views and opinions, these may change without notice. When making an investment in an ETF you are buying shares in a company that is listed on a stock exchange.

Users of this site are advised to consult the general disclaimer regarding the information provided herein.